1-9. Given: 20,000 shares cumulative preferred stock (52.25 dividend per share); 40,000 shares common stock Dividends paid: 2018, $8,000; 2019,0; and 2020, $160,000. How much will preferred and common stock- holders receive each year? LU 21-1(2) Problem 21-9: How much will preferred and common stockholders receive each year? Number shares cumulative preferred stock 20,000 Amount of Dividend Per Share $ 2.25 Required Dividend Paid for Preferred Stock per Year S 45,000.00 2016 2015 $ 8,000.00 2017 $ 160,000.00 $ Year Dividend Paid Preferred Required Dividend Paid Dividend Balance Common Dividend Paid 20.00 if Dividend Balance less than or equal to 0, this will be 0